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Justos, a startup that says it will be the first insurance company in Brazil to use data when determining rates, has raised a $35.8 million Series A round of funding led by Ribbit Capital. SoftBank’s Latin American Fund and GGV participated as new investors, in addition to existing backers Kaszek, BigBets, Nubank CEO David Velez […] ....
RIO DE JANEIRO, BRAZIL - It was while playing soccer in an amateur team in San Francisco, U.S.A., that Indian Dhaval Chadha met his future partners in insurance startup Justos, Mexican Jorge Soto Moreno and Spanish Antonio Molins. The trio, who held leadership positions in technology companies such as Classpass, Netflix, and Airbnb, decided to set their stability aside mid-last year to venture into a business in Latin America. We only knew that we wanted to develop some data-based business in the region in the finance or health sector, says Chadha. Before moving to Silicon Valley, the . . . To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here ....